News Overview

The benchmark indices experienced strong upward momentum on the first day of the calendar year. Indices gradually rallied throughout the trading session, to end near its intraday high. The Nifty closed above its 17,600 mark. As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 929.40 points or 1.60% at 59,183.22. The Nifty 50 index surged 271.65 points or 1.57% at 17,625.70. […]

Bank Nifty outperformed the Nifty index by ~1% with both the indices closing around intraday highs, gaining ~2.5%/1.5%.

Eurozone IHS Markit Manufacturing PMI fell to 58.0 during December, down from 58.4 in November and its lowest reading in ten months. Sector data revealed that consumer goods makers drove the slower improvement in manufacturing conditions, with intermediate and capital goods producers registering marginally quicker upturns. December PMI data showed a further easing of the supply chain crisis as average lead times lengthened to the […]

Company said, "This award is a testament to the hard work that has been put behind by our entire team."

Total MHCVs sales in Q3 FY22 including MHCV Truck, Buses and International Business stood at 26,329 units compared to 21,476 units in Q3 FY21.

The credit rating agency has reaffirmed IVR A1+ for short-term bank facilities of the company.

CSB Bank said that its total deposits increased 7.34% to Rs 19,056 crore as on 31 December 2021 from Rs 17,752 crore as on 31 December 2020.

The company will acquire the business and IPR rights from SKAVA Electric Private Ltd on a slump sale basis for total consideration of Rs4cr.

On 14 February 2022

Karur Vysya Bank rose 1.75% to Rs 46.45 after the banks total deposits increased by 7.7% to Rs 66,871 crore as on 31 December 2021 from Rs 62,089 crore as on 31 December 2020.